Abbreviated Company Accounts - IMPERIAL MEDICAL DEVICES LIMITED

Abbreviated Company Accounts - IMPERIAL MEDICAL DEVICES LIMITED

IMPERIAL MEDICAL DEVICES LIMITED - Company Information

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Registered Number 04213871

IMPERIAL MEDICAL DEVICES LIMITED

Abbreviated Accounts

31 May 2014

IMPERIAL MEDICAL DEVICES LIMITED Registered Number 04213871

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 92,633 92,633
92,633 92,633
Current assets
Cash at bank and in hand 2,315 2,315
2,315 2,315
Creditors: amounts falling due within one year (127,840) (127,840)
Net current assets (liabilities) (125,525) (125,525)
Total assets less current liabilities (32,892) (32,892)
Total net assets (liabilities) (32,892) (32,892)
Capital and reserves
Called up share capital 673 673
Share premium account 996 996
Profit and loss account (34,561) (34,561)
Shareholders' funds (32,892) (32,892)
  • For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 4 February 2015

And signed on their behalf by:
Asghar Khagani, Director

IMPERIAL MEDICAL DEVICES LIMITED Registered Number 04213871

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Creditors include a Loan of £125,000 secured over the Intellectual Property of the company. The lender has an option to convert the Other Loan into Ordinary Shares in the company at any time.

2Intangible fixed assets
£
Cost
At 1 June 2013 92,633
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 92,633
Amortisation
At 1 June 2013 -
Charge for the year -
On disposals -
At 31 May 2014 -
Net book values
At 31 May 2014 92,633
At 31 May 2013 92,633

All intellectual Property purchased and Patent Costs incurred which are considered capable of commercial exploitation are capitalised.